Toyota Motor Corp (NYSE:TM) shares gapped up prior to trading on Friday . The stock had previously closed at $107.85, but opened at $107.98. Toyota Motor Corp shares last traded at $108.86, with a volume of 185,768 shares trading hands.

A number of research analysts have recently issued reports on the company. Zacks Investment Research raised Toyota Motor Corp from a “strong sell” rating to a “hold” rating in a research note on Thursday. Jefferies Group dropped their price objective on Toyota Motor Corp from $114.78 to $113.64 and set a “hold” rating on the stock in a research note on Friday, May 13th. Finally, Mizuho downgraded Toyota Motor Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 11th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $108.54.

The company’s 50 day moving average price is $103.61 and its 200 day moving average price is $106.67. The stock has a market capitalization of $165.28 billion and a price-to-earnings ratio of 7.46.

Several hedge funds and institutional investors recently made changes to their positions in TM. Neuberger Berman Group LLC boosted its position in shares of Toyota Motor Corp by 19.5% in the fourth quarter. Neuberger Berman Group LLC now owns 117,121 shares of the company’s stock worth $14,411,000 after buying an additional 19,139 shares during the period. Rhumbline Advisers boosted its position in shares of Toyota Motor Corp by 7.8% in the fourth quarter. Rhumbline Advisers now owns 16,653 shares of the company’s stock worth $2,049,000 after buying an additional 1,199 shares during the period. TD Asset Management Inc. boosted its position in shares of Toyota Motor Corp by 1.5% in the fourth quarter. TD Asset Management Inc. now owns 8,822 shares of the company’s stock worth $1,085,000 after buying an additional 133 shares during the period. Krasney Financial LLC boosted its position in shares of Toyota Motor Corp by 4.9% in the fourth quarter. Krasney Financial LLC now owns 57,196 shares of the company’s stock worth $7,037,000 after buying an additional 2,683 shares during the period. Finally, Wetherby Asset Management Inc. boosted its position in shares of Toyota Motor Corp by 2.7% in the fourth quarter. Wetherby Asset Management Inc. now owns 16,259 shares of the company’s stock worth $2,001,000 after buying an additional 432 shares during the period.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.